GMAT Scholarships

Updated on 08 May, 2024

upGrad Abroad Team

upGrad Abroad Team

upGrad abroad Editorial Team

GMAT Scholarships

The scholarship based on the GMAT score will help you organize funding to pursue an MBA from a reputed business school. MBA scholarships offered at the international level depend upon the GMAT score. The GMAT scores are valid for a duration of five years. The higher the GMAT score, the higher one’s chances for a merit-based scholarship. 

The GMAT scholarship for Indian students depends upon some factors that need to be met, such as your academic experience, where you need to get the best score on the GMAT and your undergraduate GPA, and your leadership qualities so as to manage projects and assignments. 

You need to be very diverse about your interests, personal experiences, specialties, value, and perspective, once you are added to any program. 

Moreover, you may have work experience, but you need to be very broad about the goals and objectives that you want to achieve from your MBA program. MBA is the topmost qualification that is needed once you start your career by working in a corporate sector, and a reputed business school can enhance your designation. 

So, once you want to carry forward your MBA career by pursuing it at a reputed business school, you need to score well on the GMAT. 

Here is more on the GMAT score for scholarships and other vital information:

GMAT Exam Preparation How to Score 700 in GMAT
GMAT Exam Fees GMAT Preparation Books

How Many Times GMAT Exam is Conducted in a Year

Scores Required for GMAT scholarship 

If you need to join a reputed business school for pursuing MBA, a GMAT based scholarship score has to be really high. You must have the affordability to continue your MBA programme. 

Once you have a GMAT scholarship, you can cross all major financial hurdles accordingly. The GMAT score for scholarships should be higher than 730 for aspirants. Once you want to get a good score in the GMAT scholarship, you need to be very confident about your knowledge and skills.

The GMAT scholarship for Indian students, which is merit-based, depends upon the academic merit of the student as measured by the GMAT score and the undergraduate GPA, along with the factors mentioned above. The top rankers who are looking for the best-reputed business schools can get a scholarship to pursue MBA programs. 

Top B-Schools offering Scholarships for Indian students 

Here are a few scholarships that deserve closer attention: 

Institution  Scholarship Info 
Northwestern Kellogg

David F. and Margaret T. Grohne Family Foundation Scholarship (Given to students who are exceptional for two-year MBA programs)

Donald P. Jacobs International Scholarships  (Given to international students with a strong academic background)

Berkeley Haas 

All students are evaluated for scholarships on the basis of their merit. 

Some scholarships include the following:  

  • Allan Holt Fellowship
  • Berkeley Haas Scholarships
  • Dr. Tahir Fellowship
  • Brian Maxwell Fellowship
  • Mike and Carol Meyer Fellowship
Chicago Booth  There are merit-based MBA scholarships on the basis of academic merit, interview quality, life experiences, prospective concentration, career goals, and other factors
London Business School  BK Birla Scholars program with an endowment of £15 million for supporting 10 MBA students annually. The top 5% of the class is eligible for this award
INSEAD 

Varied scholarships are awarded on the basis of academic merit, professional background, leadership abilities, and other factors. Some scholarships include the following: 

  • Scholarships for Women
  • Leadership Scholarships
  • Merit Scholarships
  • Social Impact Scholarships
Wharton, University of Pennsylvania Wharton Fellowship Program considers students on the basis of their academic achievements, professional background, application criteria, and involvement in the community. Some other scholarships include the Joseph Wharton Fellowships for students with outstanding achievements in academics, Emerging Economy Fellowships, Forte Fellowships, etc. 
Stanford Business School  There are scholarships like the Stanford GSB BOLD Fellows Fund Stanford Knight-Hennessy Scholars Program and more with varying criteria
Harvard Business School  Multiple scholarships including the George Leadership Fellowship and the Harvard University General Scholarships
Oxford Said Business School  Multiple scholarships including the Academic Futures Scholarship, Forte Fellowships for Women, Said Business School Foundation Scholarships and others with varying criteria 

These are some of the leading business schools worldwide, which offer MBA scholarships for aspirants. However, academic merit, GPAs, professional achievements, leadership, community involvement, and other criteria are taken into account for granting these scholarships. 

The GMAT score is not an exclusive criterion for scholarships at leading business schools, although it does help demonstrate a student’s academic merits and skills. 

FAQs

Is there any minimum score for getting GMAT-based scholarships?

Yes, there is a minimum score to get if you are seeking a scholarship based on GMAT score. GMAT-based scholarships are given to those getting GMAT scores of 700-750. 

Can I get a 100% scholarship based on my GMAT score?

Yes, once you have a 750 GMAT score for a scholarship, you will get a chance at a 100% scholarship to pursue an MBA in top business schools internationally.

Download Free GMAT Preparation Guides

Gmat syllabus
mba guide

Important Resources For GRE/GMAT Exams

GRE Exam Registration

raduate Record Examination (GRE) is one of the biggest and most popular global tests held by the Educational Testing Service (ETS). It is a standardized examination for entry into courses like MBA, MS, and others at universities worldwide./

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Booking GRE exam dates 2023 is a simple procedure. You can register by paying US$213 (approx. INR 15,700) and providing your valid passport copy or relevant ID./

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The GRE exam fee in India is around $213 with effect from 1st July 2023. The examination fee in many other countries is $205 while the GRE exam fee for India is the same as countries like Turkey, Australia, China, and Nigeria. The fee for the GRE Subject /

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upGrad Abroad Team

upGrad abroad Editorial Team

We are a dedicated team of study-abroad experts, ensuring intensive research and comprehensive information in each of our blogs. With every piece written, we aim at simplifying the overseas education process for all. Our diverse experience as journalists, content writers, editors, content strategists, and marketers helps create the most relevant and authentic blogs for our readers.

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The above tips are the Author's experiences. upGrad does not guarantee scores or admissions.